Aussies lose half their income to home loan repayments: is refinancing an option?
Australian homeowners are being bled dry by the highest interest rates in more than a decade, according to data from mortgage broker, Aussie.
Read MoreAustralian homeowners are being bled dry by the highest interest rates in more than a decade, according to data from mortgage broker, Aussie.
Read MoreNew analysis from Mozo reveals Australians are collectively paying an extra $3 billion per month to cover rising home loan repayments after the 13 cash rate hikes since May 2022.
Read MoreToday, the Reserve Bank of Australia (RBA) announced it will hold the cash rate in May 2024 at 4.35%.
Read MoreWith the Consumer Price Index (CPI) coming in hotter on inflation than economists expected this quarter, doubts about a cash rate cut by year’s end are mounting.
Read MoreReleased this week, the Domain House Price Report 2024 announced a new record for the median house price in Australia’s combined capital cities – $1,112,575 – after a year-on-year (YOY) gain of 8.9% in March 2024.
Read MoreNew research from Mozo for the 2024 Home Loan Report discovered that a startling percentage of mortgage holders think refinancing isn’t worth the effort when it could save them tens of thousands.
Read MoreNAB is the first of the Big Four banks to drop interest rates on select home loans this year, with a cut of up to 1.08% now available on some of its variable home loans.
Read MoreAustralian homeowners could be sitting on the opportunity to blast their home loans with a shrink-ray after national home prices rose nearly 40% in just four years.
Read MoreBuying a home can have pitfalls and perhaps the biggest is misreading the property’s value. If you misread value, you’re likely to over pay and your home loan can end up being much bigger than it should be.
Read MoreWe often suggest borrowers compare home loans when they’re looking to spend less on their mortgage, but there is one simple adjustment you can make that could save you $100,000 on your home loan repayments.
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